JPMorgan, Blackstone, BlackRock don't expect a US debt default

"I don't foresee a situation where there would be default," Schwarzman told on Wednesday."That speaks to the US government paying principal and interest on a timely basis. If something were to happen, really as a miscalculation on the part of the people involved with the negotiations, I think it would hit domestic constituents in the US, which would put enormous pressure to have things resolved in a few days.

"So it's a bit of a nail biter if you will, and we'd all like to see it resolved and it all will be resolved. The question is exactly when in that time period it is." "The markets and myself are putting a very high probability that something gets done," Rieder said on Tuesday, according to"The timing of that isn't that clear.

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